Examlex
When opening an existing policy, the policy settings are organized across:
FIFO
An inventory valuation method that assumes the first items placed in inventory are the first sold, standing for "First In, First Out."
Weighted Average
A calculation method that accounts for the varying degrees of importance or weights of different elements in a dataset, often used in financial metrics and inventory costing.
Moving Average
A moving average is a statistical method used to analyze data points by creating a series of averages of different subsets of the full data set.
Net Method
An accounting method of recording purchases at the net of any trade discounts and rebates.
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